Sectors
AIG under fire for ALICO, DelAm sale to MetLife
The New York Department of Financial Services and the Manhattan District Attorney's Office are conducting inquiries and may subject both AIG and MetLife to fines.
Investors diverge on future of JCPenney
Depending on their risk interpretation of the current debt situation of JCPenney under new CEO Mike Ullman.
Wilbur Ross hedges bet on emerging market growth
Ross' investments in shipping is based on faith that emerging markets would boost trade in the long haul.
Billionaire Ross spends USD100 million for shipping venture
Billionaire investor Wilbur Ross spent USD100 million to acquire vessels hauling dry commodity. Wilbur Ross, billionaire investor and owner of WL Ross &Co.
Latest News
Data storage company Box, one of Silicon Valley's highly anticipated IPO candidates, has selected Morgan Stanley, Credit Suisse and JPMorgan Chase & Co to lead a proposed initial public offering, according to three people familiar with the matter.
BlackBerry rejected proposals to break-up and sell all or parts of the Canadian company. BlackBerry Ltd's board rejected proposals to break-up the Canadian smartphone company, saying that it is currently not in the best interest of all of its stakeholders.
According to Judge Sam Glasscock, it found Cooper's allegations to be without merit as against the actions of Apollo in its buyout negotiations.
Micro-blogging site Twitter closed at USD41.65 today, dropping by 7.24% from its IPO debut. Social media site Twitter closed its second day of trading at USD41.
Symbion, which was privatized in 2007, is preparing for its sale. Surgical facilities operator Symbion Inc, which was privatized back in 2007, is now up for sale.
In preparation for its 2014 IPO, Box had appointed banks to manage the share sale and market debut. Another one of Silicon Valley's highly anticipated IPO issues is data storage company Box.
Amidst rumors of a pending bankruptcy filing, secured bonds of OSX Brazil now trade at a two month high.
Priceline.com has appointed Darren Huston to become its new CEO. A new Chief Executive Officer was installed at Priceline. com Inc, this comes after its incumbent CEO Jeffrey Boyd would be elevated as chairman.
Crestview Partners started its fundraising efforts for USD3 billion for its third middle market fund.
The Stability Fund was created as part of the bailout package of UBS AG and now, it was time for the bank to pay back the fund under a given formula.




